SNB’s Jordan feels the global economy is facing a deep recession followed by only a modest recovery, but another Great Depression is unlikely thanks to drastic government and central bank actions. Well that’s good to know.
EUR/USD has come under a little pressure, presently down at 1.3560. The euro is being weighed down by increased risk aversion and speculation we could see further QE from the ECB before not too much longer.
They’ll be caution ahead of tomorrows euro zone GDP, CPI data as well.
Technical supports now at 1.3550/55 and 1.3525. Talk of some sell orders lined up at 1.3600.
